Can You Take Advantage of the New Extended Tax Credit in Myrtle Beach ?

Even more people are now eligible, and can take advantage of the new tax credit law.

This new Credit includes a $6,500 tax credit for buyers who are current home owners, and have lived in their home for five of the past eight years.   

This is not just a first time home buyer tax incentive any longer.

The income limits for eligible home buyers were also expanded to $125,000 for single buyers, and $225,000 for couples.  Those limits were previously only up to $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000.

This will bring another level of buyers to the table that are able to take advantage of

Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 first time home buyer tax credit to April 30, 2010.

You will have a VIP back stage pass with access to lots of tools for both Buyers and Sellers. The local Experts in Myrtle Beach Real Estate and Myrtle Beach Condos  Avoid common pitfalls that are costly buy working with the pros.  Put The Jerry Pinkas Team to work for you today.  Award Winning – Top Ranked – Highly Recommended – Just Google Us, or Call The Pros (843) 222-1926

Don’t Buy in Myrtle Beach….

Until you learn these never before revealed tips and tricks!

We have helped an incredible number of families find their DREAM property, so we can definitely
help you find YOURS! My team and I have over 87 years of combined
experience in Real Estate and know we can get you the absolute
BEST deal when it comes to buying a condo or home in the Myrtle Beach & North Myrtle Beach area.

My team has gathered the HIDDEN secrets, strategies of investors, and unfair buyer advantages.

Call us when you are ready.  When you set up your appointment with us, You can expect to learn:

- The BIGGEST money making tips when buying a property in the area
- Incredible Investor SECRETS
- Unfair buyer advantages that will get your foot in the door FIRST
- Strategies that will help you SAVE tons of money

Our appointment time is offered at absolutely no cost to you and you’ll get complete access to our hidden secrets as well as some additional gems and pearls of wisdom to get
the best deal when buying in The Myrtle beach area.

Just let us know when you are ready. We will be glad put it all together for you.

Myrtle Beach Condos For Sale  – Jerry  Pinkas Home Selling Team – is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google or call (843) 222-1926; Put our team to work for you today.

Jerry Pinkas Real Estate Selling Team of Myrtle Beach South Carolina launches a much needed overview tool to help Real Estate Buyers and Sellers – Daily Market Trends Report adjacent a Powerful MLS Search Capability.

Myrtle Beach Market Trends: 10/7/2009

Myrtle Beach

Market Snapshot

Typical Property

Average Price by Bedrooms:

1346 Villa Marbella Court, Myrtle Beach, South Carolina

Grande Dunes Villa Marbella gracious living in this incredible gated community, directly overlooking the Intracostal Waterway. You will enjoy the gorgeous waterway views as the boats pass by, from …

Primo View overlooking the pond and golf course. Within seconds of walking into this home you will view the spacious open floor plan with 9′ smooth ceilings throughout. Other features include …

This 3 bedroom/2 Bath condo is decorated in light, airy colors. From the large balcony, you get a great view of the beach and ocean. Enjoy swimming in the two pools-indoor and outdoor-and the hot …

The most Incredible Views! Directly on a lake and on the Golf Course! This is one of the most prime golf course lots in the Arrowhead golf community! A must see! Pictures just can’t capture your …

DIRECT OCEANFRONT – Enjoy the gorgeous panoramic views overlooking the ocean & beach from this 2 bedroom 2 Bath, -14th floor unit at the Paradise Resort. ONLY 2 YEARS OLD! Building features indoor …

This fantastic home is located directly on the Golf Course. You will enjoy the incredible view from your living room, the bedrooms, the screened in porch, and the entire back yard, overlooking the …

This is one of the most fantastic values in the Arrowhead golf community! A must see! This home is all on 1 level, no steps to climb. Well maintained, low maintenance home is located on quite …

CLOSE TO THE BEACH – 2 bedroom, 1 1/2 bath condo with real brick fireplace in the living room. Bright with plenty of natural lighting throughout. Spacious condo for 2nd home or investors. Community …

WOW – THIS IS ONE OF THE BEST VIEWS IN THE ENTIRE RESORT. 2 bedroom 2 bath condo is located DIRECTLY ON THE GOLF COURSE AND OVER LOOKING THE POOL COMPLEX in the Myrtle Wood Golf Community. Prime …

How to Find the Best Foreclosures Properties – The top ways to getting your best foreclosure deal

It’s not about finding a foreclosure, or even finding a bank owned property. It’s all about finding a good one can that can be the real challenge.

Most banks don’t want Realtors to advertise properties as ‘bank-owned’ because that is negative impact for the bank.

Many times a for sale sign will not disclose the true status of the property.  Nor will the flyers and other marketing materials. Some times it’s hard to tell which properties are taken back by a bank foreclosure or even deficiency judgment proceedings.

Many people think the word Foreclosure = Good Deal.  Just be careful. 

Not all foreclosures are good deals.

 If the property is a condo, there could be home owner’s association problems, assessments, law suits, or maybe just high home owner’s association fees. Maybe the complex has lower than average rental income.  These could be good reasons why the previous owner had problems making the payments and could be potentially why the property is a foreclosure in the first place.  You don’t want to acquire someone else’s problems.

Some foreclosure houses are in various states of disrepair; some of the fixes are cosmetic, but some can be extensive.

One option for finding foreclosure listings: Go straight to the local expert.

You can go many places on the internet. Some websites will have you sign up and pay for foreclosure listings. Why pay?

 You may be searching a web site and sign up for listing alerts, but that will only the beginning. This type of tool will only give you the tip of the ice berg.  This could be only a small portion of what is available.

You need someone working for you.

You need the local expert that can give you all the details on the best properties in the local area. When the expert works for you, they can tell you why one property may be average and the other one may be way above average.  You need to have the pro working for you in your best interest to get the very best deal.

You’ll also need the leg up on your bidding competition.

If you are paying cash have your proof of funds ready. If you are going to finance, have your pre approval letter ready. (And be sure that lender will lend on the type of property you are bidding on)

When you are searching for properties online, and don’t have a professional Realtor working for you, you are self represented.  You are on your own!  Basically you are searching in the dark with a small flashlight. 

If you have the expert working for you, it’s like turning on the Stadium lights.  Now you can see what is out there.

Many banks have properties that are not listed in the MLS listing system. For the most part, the MLS listing info is what you will find on the internet. By relying on this as your only tool, you are only going to see just some of the listings. Many of the best deals are gone before you even know they were on the market! 

Your local experts in the market place are going to be way ahead of the curve and can see what is coming to market. They study the market daily. They subscribe to all the bank pre foreclosure and direct bank foreclosure listings. They go to the court house auctions. They go to the tax sale auctions. They go to the bank foreclosure auctions. And they know where the market place is, what will be coming to market soon, and what is in the pipe line for the future.

How much does it cost to have a pro working for you? Nothing.  Zip. Nada.

It’s the best free service there is. Hire a local expert buyer’s agent for Free!

 If you where on trial for a crime, would you want to hire a lawyer that hasn’t had a case in 6 years and refers to hid collage text book for examples? Of course not!

If you where sick, would you go to a witch doctor that has cured a few people in the Amazon? Of course not!

A real estate agent has to work for either the buyer’s side of the transaction – Or – the Sellers side of the transaction. 

As a buyer, you don’t pay the commission, the seller or in the case of foreclosures, the bank does. It’s best to have someone on your side.

Why would you search by yourself with a flashlight in the dark?  You can hire the local expert to help you.  The Expert will turn on the flood lights on for you and illuminate the darkness for you.  Any you don’t pay for that service!

You just might want to enlist the help of a realty agent that has the experience, skills, and is the local expert. Someone who works regularly with REOs might be able to track down the properties more easily than a traditional agent.  It really depends on who you’re doing business with. It’s the difference between night and day.

Most listings will have instructions how they will want your buyers agent to submit the offer.  The Bank offer package has to be perfect. Most buyers loose before they even get started because they don’t get the bank what they need.  The loose the deal because of incomplete paperwork.  Working with the local expert, your odds of getting the deal go up greatly.  Many banks also have many addendums that need to be filled out.  A pro that has experience in filling out these additional forms, will fill them out correctly, will usually have an upper hand on getting the deal.  The bank selling the property doesn’t want to waste time in getting paperwork in order.

Besides the preapproval letter, many banks will look for the correct amount of earnest money. Foreclosure banks don’t want to make additional requests for correct amounts.  They just don’t have the time. A deal could be lost if it is not done properly.

There are some absolutely fantastic deals currently being made with Foreclosures and Short Sales. Now is your time to get your piece of the action. You know what they always say” Buy when they are selling and sell when they are buying”!

 Jerry  Pinkas Home Selling Team – is your local expert in the Myrtle Beach area, for all your Real Estate needs.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – OR – Just Google Us! – The Jerry Pinkas Home Selling Team (843) 222-1926; Put our team to work for you today.

Myrtle Beach Condo Foreclosures – Myrtle Beach Oceanfront Condo Foreclosures

It is a great time buy Myrtle Beach Oceanfront condo foreclosures and Myrtle Beach condo foreclosures.  Right now we have a window of opportunity. Many Myrtle Beach properties are selling for 30% off, 50% off and even75% off what they originally paid. We have a lot of great deals being made with bank foreclosures and short sales in Myrtle Beach.  Take a look at some of these Myrtle Beach Foreclosures

myrtle beach foreclosures

$72,500 – Direct Oceanfront Efficiency condo with great rental income. Located at 1200 N Ocean Blvd. Holiday Inn Pavilion unit 608. This condo originally sold for $189,900. on 3/31/06. Nice private balcony, next to the new Myrtle Beach Board walk close to shops, entertainment and all Myrtle Beach has to offer.

myrtle beach condo foreclosures

$77,500 – Ocean View One bedroom One bath condo located at 6900 N Ocean Blvd, Caravelle Resort unit 1407.  This condo originally sold for $178,900 on 3/24/06 Nice view looking up the beach, great amenities on site, nice quite location close enough but far enough away from the hustle and bustle of downtown.

north myrtle beach foreclosures

$104,900 – 2 bedroom 2 bath Oceanfront condo located in North  Myrtle Beach, 4525 S. Ocean Blvd. 5^th floor unit with a nice view overlooking the beach and ocean. Units like this sold for as much as $195,000. in the height of the market.

 $113,900 -  2 bedroom 2 bath condo in Myrtle Beach Resort located on the south end of Myrtle in a gated community.  Lots of amenities on site. Units like this sold for as much as $215,000 in the height of the market.

This is just a sampling of some of the current deals on the market.  Many people are realizing that now is a great time to buy!  

This week I sold a property that was a foreclosure, and had a lot competition bidding on it. The property was just listed and on the market for only 8 hours. When I took my clients to view  the property,  2 groups of people already at the property when we arrived.  We waited for them to finish looking the property over, then it was our turn to view the property. Amazingly, as we were leaving the property we noticed the line forming outside.  The line was a group of other Realtors and buyers waiting to visit the property.  When some properties hit the market you just have to be ready to move quick and make an offer before it is gone.  I did help my clients getting this deal!  With some skillful negotiating and knowledge of the property we did make it happen.

To get the inside track, and a jump start on your competition, work with the Myrtle Beach Foreclosure Experts. Myrtle Beach Condo Experts help you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.

Now is the time to get your piece of the Myrtle Beach Oceanfront Condo action. Call now to set up some property viewing appointments 843-222-1926

Jerry  Pinkas Home Selling Team – is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google or call (843) 222-1926; Put our team to work for you today.

Myrtle Beach Deals – Top Pick on AOL

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AOL – Number 1 Top Pick! Myrtle Beach Condo Rentals Deals

Number 1 -Myrtle Beach Deals

There’s still time to enjoy a beach vacation and you can’t beat the low off-season rates. Landmark Resort in Myrtle Beach, S.C. has rates starting as low as $50 a night including breakfast for 2. Other packages also available with free days and more.

Deal Spotlight: $50/Night — Bed and Breakfast Package Landmark Resort in Myrtle Beach

Number 2 - Disney Family Vacation Pack

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Number 4 - Las Vegas Hard Rock Hotel Deal

Number 5 – Free Day Car Rental — Worldwide 

-MYRTLE BEACH CONDOS FOR SALE -

If you are looking for the deals on Buying a condo in Myrtle Beach You may want to consider some of the great deals on Myrtle Beach Oceanfront Foreclosure Condos.

Now is a great time to buy, and many deals are currently being made with condos in Myrtle Beach.

Condo for sale in Myrtle Beach is only $26,000.!

This Foreclosure is located at 209 Cedar Street Unit B2 Myrtle Beach SC 29577 Large 2 BR condo only 4 blocks to the beach. Excellent location just minutes from entertainment, shopping and the beach.

 Click here for more details http://www.homeguidemyrtlebeach.idxco.com/idx/3660/results.php?stp=listingID&listingID=918637&start=0&per=10

Now is the time to get your piece of the action.  To get the inside track on the Myrtle Beach Real Estate Market Sign up for VIP Myrtle Beach Foreclosures Listing alerts —-> http://www.BuyBankOwnedMyrtleBeach.com/Myrtle Beach Condo Expert helps you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.

Jerry  Pinkas Home Selling Team – is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google or call (843) 222-1926; Put our team to work for you today.

Myrtle Beach Boardwalk – Myrtle Beach Condos For Sale on the Boardwalk

The ground was broken for a new boardwalk in Myrtle Beach on Tuesday September 8,2009.

The crowd gathered and watched the city council, engineers and planners in a symbolic groundbreaking with plastic shovels and sand pails.

The boardwalk has been in the works since 2004, before the Pavilion amusement park was torn down in 2007. People saw that Pavilion amusement park as the centerpiece of downtown Myrtle Beach, and the area of town that drew the visitors.  The city of Myrtle Beach wants to return that area into the new destination for the family vacation.

This summer the Oceanfront Merchants’ Association has been working on its “Hot Summer Nights” events like the free concerts, fireworks shows and children’s carnival has been pushing the boardwalk

The mile long walkway between First and 14th avenues north will be constructed for about $6 million dollars.  The New Myrtle Beach Boardwalk is scheduled to be finished in time for the 2010 summer season.

When you arrive at the Myrtle Beach Boardwalk, you realize you’re on vacation.  You’ll hear the sounds, sites and smell of the Beach!  The carnival like atmosphere is simply contagious, and you can’t help but feel like you’re going to have a good time.

The Myrtle Beach Boardwalk offers everything from oceanfront restaurants, shops, arcades, night life, gift shops, lodging, and not to mention everyone’s favorite ice cream shops.

That’s not to mention the Myrtle Beach oceanfront condos for sale.  With oceanfront fantastic views overlooking the new boardwalk, beach and ocean, you be located in the heart of Myrtle Beach.  Right now is a great time to get in on the ground floor.  Many established condos for sale, as well as new condos for sale,  could be ready to appreciate with the new boardwalk being built.  The Myrtle Beach Condo Expert invites you to explore the many oceanfront resort condominium properties, Myrtle Beach foreclosure condos, and golf condos. Whether new construction, or resales, we’re sure you’ll find the perfect oceanfront condo for your vacation home.

Jerry  Pinkas Home Selling Team – is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google or call (843) 222-1926; Put our team to work for you today.

Foreclosures in the State of South Carolina from July to August 2009 was up 1.94%, compared with the national decrease of less than 1%. These numbers are more than 78% higher than one year ago.

The August 2009 U.S. Foreclosure Market Report has South Carolina at 2,475 distressed properties in some state of default in August, compared to 2,428  in July. These figures are for all properties in the foreclosure process, including default notices.

Horry county with includes Myrtle Beach, North Myrtle Beach, Surfside Beach, Garden City, and the Coastal Grand Strand, posted 146 foreclosures.

On the national scene, Nevada, Florida and California are listed as the top state foreclosure rates for August. Those states have led the downturn in the housing market since the recession began. One out of every 62 housing units in Nevada was in some state of default. In South Carolina, one out of every 817 homes, which means fewer homes are in trouble in the South Carolina.

We have a current window of opportunity. It is a great time to buy! The deal of the decade happens about once a week!  To get your piece of the action and to get the inside track on the Myrtle Beach Real Estate Market

Sign up for VIP Foreclosure Listing alerts —-> http://www.BuyBankOwnedMyrtleBeach.com/

Myrtle Beach Condo Expert helps you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.

Jerry  Pinkas Home Selling Team -  http://www.homeguidemyrtlebeach.com  is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google  Us, or call (843) 222-1926; Put our team to work for you today.

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Myrtle Beach Real Estate Market Trends – Myrtle Beach Foreclosures

There are a total of 19468 properties currently listed for sale on the Grand Strand

Total Properties Listed: 19,468

Month-Over-Month Change:   - 1%
Average Month-Over-Month Price Change:   - 1%

6590 total Condos listed for sale on the entire Grand Strand

1104 – One bedroom units listed for sale. The lowest priced unit is asking $24,900, with a median price of $129,900, and the highest priced one bedroom unit is $375,000.

6590 – Two bedroom condo units listed for sale.  The lowest priced unit is asking $39,900, with a median price of $161,900, and the highest priced two bedroom condo unit is $1,575,000.

2120 – Three bedroom condo units listed for sale. The lowest priced unit is asking $54,900, with a median price of $246,132, and the highest priced two bedroom condo unit is $2,100,000.

6288 total Homes listed for sale on the entire Grand Strand

3612 -Three bedroom homes listed for sale. The lowest priced unit is manufactured home with land  asking $39,900, with a median price of $199,000, and the highest priced two bedroom condo unit is $5,000,000.

1604 – Four bedroom homes listed for sale.  The lowest priced unit is manufactured home with land  asking $39,900, with a median price of $369,000, and the highest priced two bedroom condo unit is $5,999,000.

For the inside track on the Myrtle Beach Real Estate Market,

Sign up for VIP Foreclosure Listing alerts —-> http://www.BuyBankOwnedMyrtleBeach.com/

Myrtle Beach Condo Expert helps you find Myrtle Beach, SC foreclosures and make well informed real estate decisions in the process.

Jerry  Pinkas Home Selling Team – is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google  Us, or call (843) 222-1926; Put our team to work for you today.

Why buy a Foreclosure?

Foreclosures are a fantastic way for buyers to find properties at below market value. It is a good tool for people looking to invest in real estate, and to get a great deal.

If you are going to make an investment and purchase Myrtle Beach Foreclosures, you will want to become familiar with some of the terms used to describe and categorize properties in foreclosure.

In general, the foreclosure process starts when the owner or the borrower, defaults on the loan payments. (Usually these are mortgage payments, tax payments or home owner’s association payments)   The lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end in one of four ways:

1. The borrower/owner reinstates the loan by paying off the default amount to during a grace period. This grace period is also known as pre-foreclosure.
2. The borrower/owner sells the property to a third party during the pre-foreclosure period. This is known as a Short Sale or Pre Foreclosure Sale.  Usually this will require third party approval (the bank or lender) to agree and write off the loss. The Short Sales allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
3. A third party buys the property at the end of the pre-foreclosure period.
4. The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure (deed in lue of foreclosure) or by buying back the property. These are also known as bank-owned or REO properties (Real Estate Owned by the lender).

Buying a foreclosure is not like buying a traditional piece of property. It all depends on what part of the foreclosure process you make your purchase.  You’ll want to consider things like tax liens, transfer fees, and home owner association liens.

The best way to maximize your buy is to work with a buyer’s agent that is skilled in the process of Foreclosures.  A buyer’s agent will work for you, in your best interest in all relevant areas of the transaction and can save you a lot of time aggravation and money.  There isn’t any cost to hiring a good buyer’s agent that has the up to date information needed, and knows the market place.

You will also want to get your resources ready.  That means if you are paying cash, have your paperwork in order to prove where your funds are coming from for the purchase. If you are financing your foreclosure purchase, you will want to get a letter of credit form an approved lender that is verified and can close your loan in that particular area. The last thing you want is to find the perfect property only to lose it to someone else bidding that has all there ducks in a row. You will also want to consider that just because you found the perfect deal, others may also think they have found the perfect deal. You may have competition as many foreclosure properties are now receiving multiple offers at the same time.  Get your paperwork in order before making and offer so you can get the upper hand on negotiation.

A great tool in the Myrtle Beach Foreclosure Search is to sign up for VIP Foreclosure Listing alerts at –à http://www.homeguidemyrtlebeach.com/  You will get the upper hand on any new foreclosure listings before they hit the market and get a jump start on your bidding competition.

As with any Real Estate investment, it takes time and skill to put together a deal that will meet all of your criteria.  If you know what you are looking for, and put the tools in place, you can have a successful and smooth purchase.  It’s a great time to buy! Some great deals are currently being made.  Isn’t it time for you to get the deal of the decade!

Jerry  Pinkas Home Selling Team – is your local expert in all your Real Estate needs in the Myrtle Beach Area.  Our Team is dedicated to inform our clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. You will have access to the most comprehensive MLS Listing Service in the area with Free access and with lots of tools for both Buyers and Sellers. Award Winning – Top Ranked – Highly Recommended – Call The Pros – Google  Us, or call (843) 222-1926; Put our team to work for you today.